MERCANTILE BANK CORP(MBWM)— Stock Profile, AI Score & Financials

Financials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .

MERCANTILE BANK CORP (MBWM) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores MBWM at 54.6/100 on a 32-signal composite quality model, placing it at rank #1,315 of 2,962 stocks — the top half of the AI-ranked universe. MBWM scores in the top quartile across profitability (94.3), free cash flow (81.2). Areas of concern include earnings quality (23.1) and revenue scale (27.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 47.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), MERCANTILE BANK CORP reports quarterly revenue of $68.8M, net income of $25.9M, an operating margin of 45.4%. Top institutional holders of MBWM by reported 13-F value include BlackRock, WELLINGTON MANAGEMENT GROUP LLP, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. MBWM trades on the Nasdaq exchange and files with the SEC under CIK 1042729. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MBWM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MERCANTILE BANK CORP directly from SEC EDGAR.

AI Quality Score

54.6/100

AI Rank

#1,315

Revenue

$68.8M

Net Income

$25.9M

Operating Margin

45.4%

MBWM key financials by period

MERCANTILE BANK CORP reported revenue, net income and margins by fiscal period, from SEC filings.
PeriodFormRevenueNet incomeOperating margin
FY 202510-K$242.7M$88.8M42.6%
FY 202410-K$231.5M$79.6M42.5%
FY 202310-K$225.7M$82.2M45.5%
FY 202210-K$190.3M$61.1M39.8%
FY 202110-K$180.3M$59.0M40.9%
FY 202010-K$167.4M$44.1M32.8%

Institutions holding MBWM

Institutional investors reporting a position in MERCANTILE BANK CORP on SEC Form 13F.
InstitutionSharesValueReported
BlackRock1,534,392$88.1M2026-06-30
WELLINGTON MANAGEMENT GROUP LLP1,087,998$62.5M2026-06-30
DIMENSIONAL FUND ADVISORS1,046,841$60.1M2026-06-30
VANGUARD CAPITAL MANAGEMENT735,613$42.2M2026-06-30
AMERICAN CENTURY COMPANIES625,015$35.9M2026-06-30
STATE STREET598,641$34.4M2026-06-30
GEODE CAPITAL MANAGEMENT466,410$26.8M2026-06-30
RENAISSANCE TECHNOLOGIES446,613$25.6M2026-06-30
NORTH STAR ASSET MANAGEMENT377,427$21.7M2026-06-30
VANGUARD PORTFOLIO MANAGEMENT290,093$16.7M2026-06-30
MBWM

MERCANTILE BANK CORP

MBWM
NasdaqSmall CapFinancials

13F Pro Quality Score

54.6/100

Rank #1,315 of 2,962 stocksTOP 50%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

49.6/100

Profitability

94.3/100

Balance Sheet

49.0/100

Earnings Quality

23.1/100

Free Cash Flow

81.2/100

Institutional Flow

52.8/100

Revenue Scale

27.4/100

Dilution Risk

47.7/100

Price Chart

Email me the moment this company reports earnings
AI Research Report
Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.
Upgrade to Pro
Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.
Reading the latest SEC filing… (first load can take ~20s)

Key Metrics

Revenue

Q2 2026
EDGAR

$68.76M

Net Income

Q2 2026
EDGAR

$25.93M

EPS (Diluted)

Q2 2026
EDGAR

$1.50

Operating Margin

Q2 2026
EDGAR

45.4%

ROIC

Q2 2026
EDGAR

16.5%

Top Institutional Holders

as of Q2 2026
$690.98M total

Financial Trends

Revenue & Net Income

Earnings Per Share

Loading ratio trend…